Interest Rates
Domestic Term deposits FCNR Deposits Advances EMI Chart

Domestic Term Deposits/ NRO Term Deposits

 
Duration For amount less than Rs. 1.00 crore Amount Rs. 1.00 crore to Rs. 5.00 crores Above Rs. 5.00 crore
Normal (% p.a.) Annualized Yield (% p.a.) Senior Citizen
(% p.a.)
Annualized Yield
(% p.a.)
Normal
(% p.a.)
Annualized Yield (% p.a.) Normal
(% p.a.)
Annualized Yield (% p.a.)
7 to 14 Days 5.00 5.00 5.00 5.00 5.50 5.50 7.00 7.00
15 to 30 Days 5.00 5.00 5.00 5.00 5.50 5.50 7.50 7.50
31 to 45 days 6.50 6.50 6.50 6.50 7.00 7.0 7.50 7.50
46 to 90 days 6.50 6.50 6.50 6.50 7.00 7.00 7.50 7.50
91 days to 119 days 7.50 7.52 8.00 8.02 7.75 7.7 8.00 8.02
120 days to 180 days 7.50 7.57 8.00 8.08 7.75 7.82 8.00 8.08
181 days to 363 8.50 8.77 9.00 9.30 8.50 8.77 8.50 8.77
364 days 8.50 8.77 9.00 9.30 8.75 9.04 8.75 9.04
365 days/ One year 9.00 9.30 9.50 9.84 8.75 9.04 8.75 9.04
Mahanidhi (444 Days) 9.10 9.48 9.60 10.03 --- -- --- --
Above 1 year to less than 3 years (except 444 days) 9.00 10.20 9.50 10.84 8.75 9.88 8.75 9.88
3 years Mahalaximi 9.10 10.32 9.60 10.97 8.75 9.88 8.75 9.88
Over 3 years to 10 years 9.00 11.21 9.50 11.98 8.75 13.76 8.75 13.76
 
 
  • The rate of interest on Bank Term Deposits Scheme, 2006 (Tax Saving Scheme for 5 year term deposit) up to investments of Rs. 1.00 Lakh only will be 9.00%.
  • In case of premature withdrawal of deposits, interest is payable at the rate applicable to the period for which deposit has been actually held with the Bank.
  • On premature withdrawal of term deposits, for deposits up to 1 year maturity (tenor at the time of opening the account) there will NO PENALTY on the applicable interest rate. Interest rates on prematurely withdrawn term deposits with maturity period more than 1 year will be 1% below the applicable rate.
  • Deposits to be accepted for a maximum period of 10 years
  • All rates are subject to change from time to time.
 
"Maha Double" Deposit Scheme
(Effective 04.05.2013)

• Under "Maha Double" Deposit Scheme, deposits will be doubled in 92 months for depositors other than senior citizens. For senior citizens, under the scheme deposits will be doubled in 87 months.

  Category   Duration For amount less than Rs. 1.00 crore
    Normal (% p.a.) Annualized Yield (% p.a.)
For General Public 92 9.15 13.00
For senior Citizens 87 9.68 13.80
 
 
Last Update date - 14-05-2013